This web page provides information on the activities of the Office, views of the IMF staff, and the relations between the Republic of North Macedonia and the IMF. Additional information can be found on the Republic of North Macedonia country page, including official IMF reports and Executive Board documents in English that deal with the Republic of North Macedonia.
This office is part of the Regional Office for the Western Balkans.
At a Glance
- Current IMF membership: 190 countries
- Republic of North Macedonia joined the Fund on December 14, 1992; Article VIII
- Quota: SDR 140.3 million
- Financial Position in the Fund
News and Highlights
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Inflation Dynamics in the Western Balkans
March 3, 2023
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The Future of PPPs in the Western Balkans
February 10, 2023
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Interview with Mission Chief Bergljot Barkbu on TV 24
An interview with MKD Mission Chief - Bergljot Barkbu.
November 1, 2022
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IMF Team and Authorities of the Republic of North Macedonia Reach Staff-Level Agreement on a 24-Month €530 million Arrangement under the Precautionary and Liquidity Line (PLL).
October 10, 2022
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February 16, 2022
Republic of North Macedonia and the IMF
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January 26, 2024
Series:Country Report No. 2024/026
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Republic of North Macedonia: Selected Issues
January 26, 2024
Series:Country Report No. 2024/027
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January 19, 2024
The completion of the review gives the authorities access to SDR161.35 million (equivalent to about €200 million at current exchange rates or 115 percent of quota.) The authorities intend to draw SDR 119.26 million (or 85 percent of quota) and consider the remaining amount as precautionary insurance against external shocks.
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November 14, 2023
An International Monetary Fund (IMF) mission, led by Mr. Jacques Miniane, visited Skopje during October 31–November 13, 2023, to discuss economic and financial policies in the context of the first review of the Precautionary and Liquidity Line (PLL) and the 2023 Article IV consultation with North Macedonia.
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Resurgence of Inflation and the New Geopolitical Realities Redesigning Macroeconomic Policy
September 29, 2023
Good afternoon to everybody. Thank you, Governor Bezhoska, for the invitation to speak. This conference could not be more timely as Europe simultaneously grapples with firmly bending the inflation curve in the near-term and attempts to revive its growth engine in the medium term against the background of rising geopolitical risks.
November 8, 2023
Restoring Price Stability and Securing Strong and Green GrowthEurope is at a turning point. After last year’s crippling energy price shock caused by Russia’s invasion of Ukraine, Europe faces the difficult task of restoring price stability now while securing strong and green growth in the medium term. Economic activity has started to cool and inflation to fall as a result of monetary policy action, phasing-out supply shocks, and falling energy prices. Sustained wage growth could, however, delay achieving price stability by 2025. Failing to tackle inflation now will risk additional growth damage in a world exposed to structural shocks from fragmentation and climate change. These global headwinds add to Europe’s long-standing productivity and convergence problems. To lift Europe’s potential for strong and green growth, countries need to remove obstacles to economic dynamism and upgrade infrastructure. This will strengthen business-friendly conditions and investment. Cooperation at the European level and with international partners will position Europe as a leader in the climate transition and support economic stability across the continent.
Read the Report